They also have monthly meetings, site visits to fix-n-flips, some classes, etc.I'm happy to connect you into the local investing community. 

I started my OOS HML  career in Detroit and that was 2002 and WOW coming from our area what an education I got.. my clients that were doing turnkey at the time and all the buyers were out of state ( basically LA based) the local on the ground operator was very good he had all sorts of tricks to try to keep the houses safe.. the one i really liked was painting the copper pipes grey so thieves would not steal them..

This is such a personal question no one can really answer it for you, call around to your local CPA's and compare.

If that's not possible, find a local investor and work on sourcing the deals to partner up.

Hi Jordi, The conditions of city neighborhoods have not changed much from opinions previously stated on this thread by my fellow local investors.

Vacancy rates can be highly market-specific and influenced by factors like the local job market, tenant demographics, and property management.

I'd recommend the spread on the return and your ability to replace damaged items (local vs. not local, strength of your team) be the determining factors in that decision.

The city has a few popular vineyards and every year a festival is held where roughly a quarter million visitors attend. 

Another option may be a credit union or small local bank that would consider doing it as a portfolio loan, but the rate and term may not be as good as conventional 30 year fixed.

For example Airbnb collects and remits all state and local taxes in Pinellas County but only does 1 of the 2 in Bradenton county just south.